Huntington Bancshares Incorporated Reports 2019 Second Quarter Earnings Of $0.33 Per Common Share
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Huntington Bancshares (HBAN) Tops Q2 EPS by 1c, Revenues Beat
July 25, 2019 7:34 AM EDTHuntington Bancshares (NASDAQ: HBAN) reported Q2 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.18 billion.
2019 Second Quarter Highlights compared with 2018 Second Quarter:
Fully-taxable equivalent total revenue increased $66 million, or 6%.Fully-taxable equivalent net interest income increased $28 million, or 4%.Net interest margin increased 2 basis points to 3.31%.Noninterest income increased $38 million, or 11%, including a $15 million gain on the sale of the Wisconsin retail branches.Noninterest expense increased $48 million, or 7%.Efficiency ratio of 57.6%, up from 56.6%.Average loans and... More